Filing Flows › Viant Technology (DSP) › Q4 2025
Viant Technology (DSP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 11, 2026
Viant Technology (DSP) reported revenue of $110M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +29% from the quarter before. Operating margin was 11.5%, net earnings $20.5M (18.6% of revenue).
Viant Technology, Q4 2025: revenue $110M (+22% year over year), operating margin 11.5%, net earnings $20.5M, operating cash flow $33.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $110M | +29% | +22% |
| Operating profit | $12.7M | +200% | +115% |
| Net earnings | $20.5M | +297% | +165% |
| Operating cash flow | $33.1M | +985% | +101% |
| Free cash flow | $33.0M | 12× | +103% |
What changed
Revenue was $110.1M in Q4 2025, up 22% year over year and up 29% from the previous quarter.
Operating profit was $12.7M, a 11.5% margin (up 5.0 points year over year). Of the extra revenue versus Q4 2024, 34% reached operating profit, above the 7% margin then. Total costs grew 16% against revenue growth of 22%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $8.3M, up 373% year over year. The tax line was a benefit of $14.1M on pre-tax earnings of $6.4M.
Operating cash flow was $33.1M (up 101% year over year), 162% of net income including minority interests. Non-cash charges added back $5.0M of depreciation and amortization and $6.4M of share-based compensation. Capital expenditures of $101K left free cash flow of $33.0M.
Questions
What was Viant Technology's revenue in the fourth quarter 2025?
Viant Technology (DSP) reported revenue of $110M for the fourth quarter 2025 (Q4 2025), +22% from a year earlier and +29% from the quarter before.
Was Viant Technology profitable in the fourth quarter 2025?
Operating profit was $12.7M (11.5% of revenue) and net earnings $20.5M.
Source: Viant Technology 10-K on SEC EDGAR.